HK Stock Market Move | SYNAGISTICS (02562) rebounds over 16%, still down nearly 80% year-to-date. Singapore's national AI plan may shift towards Alibaba Thousand Questions.

SYNAGISTICS (02562) rebounded by more than 16%, with a cumulative decline of nearly 80% so far this year. As of the time of writing, it rose by 9.27% to 5.66 Hong Kong dollars, with a trading volume of 3.33 billion Hong Kong dollars. On the news front, the Singapore National Artificial Intelligence Program (AISG) is undergoing a major strategic adjustment. In its latest Southeast Asia language large model project, it has abandoned the Meta model and switched to Alibaba's open-source architecture Qwen, marking a key expansion of China's open-source AI models in the global influence map. Public information shows that SYNAGISTICS is from Singapore and is a Southeast Asian e-commerce solution platform under Alibaba. It is worth noting that the latest data from the Hong Kong Stock Exchange shows that on November 5th, SYNAGISTICS shareholders deposited their shares in Morgan Stanley Hong Kong Securities, with a warehouse value of 12.91 billion Hong Kong dollars, accounting for 32.27%. On November 21st, SYNAGISTICS shareholders deposited their shares in Citibank, with a warehouse value of 4.28 billion Hong Kong dollars, accounting for 15.16%.